State Guides

Is a Promissory Note Legally Binding in California?

If you are planning to lend or borrow money in California and you want to put the agreement in writing, you are probably wondering whether a promissory note will actually hold up. The short answer is yes, a promissory note is legally binding in California, provided it meets certain requirements. Understanding what those requirements are and what can make a note unenforceable is worth knowing before any money changes hands....